Friday, April 13, 2018

Retracement indeed

Went in for a quick check, and true enough, 20 pips would've been made. 0.78 retraced to 0.777. Why don't I listen to myself at times! Haha... Well that's because it's not part of the system. And the only bad trades are those that you take when not following your system.

So now that we saw the retracement, it's actually worth reconsidering if the breakout truly results in an uptrend, or if it's just a bounce off the falling wedge. Always wait for confirmation - hence my double bar rule. Trade with the trend, trade with the big boys. Trade safe.

Yours,

X

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